If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Insurance deductible: This can be deducted in the year the claim occurred, as it relates to property repairs.You are correct that depreciation begins when the property is placed into service, so it should start as of December 26th, 2023.This post does not create a CPA-Client relationship.

The sunk cost fallacy occurs when we feel that we have invested too much to quit.

They’ve also made me aware of my listing being terminated (I have proof this did occur) and stated that my contract was terminated as well (I have no proof of this).

Bringing your family along also puts a serious damper on that the primary purpose of the trip was actually for business - not impossible, but in my eyes it definitely taints it in a way that you really want to ensure everything is buttoned down on the business purpose and the actual business activity that occurred.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Gross negligence does not refer to acts undertaken with intent to harm another, but acts for which the perpetrator knew, or should have known, would result in injury or damages to another person.

That is not what is occurring in this thread.

Local leadership and planning play a big part in that occurring and whether it will continue.

Now you know why he pays people to write obviously fake reviews from one-time posters which just happen to occur on the same day, in the same writing style with the same buzzwords like "He's a go-giver", and the training is "over-the-top".